About Intrinsically Safe Equipment-
Intrinsically safe equipment devices and systems specifically designed and engineered to operate safely in hazardous environments where the presence of flammable gases, vapours, or dust could potentially cause explosions or fires. These environments are commonly found in industries such as oil and gas, chemical processing, mining, and manufacturing. Intrinsically safe equipment is built with safeguards and protective measures to prevent the ignition of hazardous substances, even under fault conditions or in the event of electrical malfunctions. limiting electrical and thermal energy to levels below what is required to ignite flammable materials,Intrinsically safe equipment is defined as equipment and wiring that are incapable of releasing sufficient electrical or thermal energy from normal or abnormal conditions to cause the ignition of a specific hazardous atmospheric mixture in its most easily ignited concentration. Intrinsically safe electronics allow for safe operation in hazardous areas by limiting the electrical or thermal energy available for ignition. It provides a solution to all the problems of hazardous areas, protects electrical devices such as gas and fire detectors and alarms in a hazardous area, preserves devices from power surges, and much more. Continuous advancements in technology, such as improved sensors, communication devices, and materials, contribute to the development of more efficient and reliable, intrinsically safe equipment.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 7.5% |
Key players in this market offer a variety of intrinsically safe devices, ranging from mobile phones and tablets to industrial equipment and sensors. Established companies dominate the market with comprehensive portfolios of intrinsically safe products and solutions. These companies have a long-standing reputation for reliability, compliance, and innovation in providing safety solutions for hazardous environments. Emerging players and startups are gaining traction in the market with innovative offerings to specific industry needs. These companies often specialize in niche segments or introduce disruptive technologies to address evolving safety requirements. As regulations continue to evolve and technology advances, competition in this market is expected to intensify, driving further innovation and growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Intrinsically Safe Equipment- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pepperl-Fuchs India Pvt Ltd (Germany), Omega Engineering, Inc. (United States), Fluke Corporation (United States), Eaton (Ireland), R. STAHL AG (Germany), CorDEX (United Kingdom), Honeywell International Inc (United States), Ampac Pty Ltd (Australia), Emerson Electric Co. (United States), DITECH, LTD (Japan), BlackBerry Limited (Canada), Rockwell Automation (United States), RealWear (United States), Fujikura Ltd. (Japan), Littelfuse, Inc. (United States) and Hazcon Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Banner Engineering Corp. (India), BEKA associates Ltd. (United Kingdom), Datalink Electronics Ltd. (United Kingdom), Kyland Technology Co., Ltd.(China) and G.M.International srl (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Intrinsically Safe Equipment- market by Type (Isolators, Sensors, Detectors, Transmitters, Switches, LED Indicating Lights and Others) and Region.
On the basis of geography, the market of Intrinsically Safe Equipment- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Level, the sub-segment i.e. Class I (Flammable Gasses and Vapours) will boost the Intrinsically Safe Equipment- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End users Industry , the sub-segment i.e. Automotive will boost the Intrinsically Safe Equipment- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing the use of intrinsically safe equipment in the Manufacturing Industry
Market Growth Drivers:
Growing awareness of the importance of worker safety in hazardous environments. and Increased emphasis on workplace safety and stricter regulations in various industries
Challenges:
Lack of Proper training and education for the effective use of intrinsically safe equipment. and Connectivity problems in hazardous areas, such as mines or oil fields
Restraints:
It requires intricate design considerations to ensure compliance with safety standards
Opportunities:
Develop equipment that is energy-efficient and environmentally friendly and Integration of Internet of Things (IoT) and wireless technologies into intrinsically safe equipment can be a significant growth opportunity.
Market Leaders and their expansionary development strategies
In July 2022, Littlefuse, Inc. an industrial technology manufacturing company empowering a sustainable, connected, and safer world, acquired of C&K Switches. C&K is a leading designer and manufacturer of high-performance electromechanical switches and interconnect solutions with a strong global presence across a broad range of end markets, including industrial, transportation, aerospace, and datacom. The acquisition will significantly expand technologies and capabilities.
In September 2023, BlackBerry Limited launched a new series of BlackBerry Radar devices – H2M IS – for hazardous materials carriers. The new series is backed by an 'Intrinsically Safe' certification designation, enabling BlackBerry Radar, an asset tracking solution, to target transportation and logistics companies that move hazardous materials, including fuel haulers, tank carriers, ocean shipping lines and railroads. and In August 2023, RealWear, Inc, the pioneer of hands-free wearable computers for frontline workers, launched of its next generation Intrinsically Safe (IS) headset, RealWear Navigator Z1. Built for productivity and safety in industries such as oil and gas, pharmaceuticals, and mining, the hands-free IS wearable solution frees a worker’s hands to make operations smarter, safer, and more efficient.
The International Electrotechnical Commission (IEC) and the International Organization for Standardization (ISO) standards are specifically designed for the intricate domains related to the utilization of equipment known as Ex equipment and installations situated in environments where the risk of fire or explosion is present.
Key Target Audience
Industrial Manufacturers, Sellers and Suppliers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.